Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment $ 279 159 12 Surgical Supplies $ 139 96 6 Rehab Equipment $342 Rehab Supplies $ 156 150 13 Selling price Cost Costs to sell In applying the lower of cost or net realizable value rule, the inventory of rehab supplies would be valued at 253 34

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Data related to the inventories of Costco Medical Supply are presented below:
Surgical
Equipment
$ 279-
159
Multiple Choice
$150.
Selling price
Cost
Costs to sell
In applying the lower of cost or net realizable value rule, the inventory of rehab supplies would be valued at:
$96.
$143.
$146
Surgical
Supplies
$ 139
96
6
12
Rehab
Equipment
$ 342
253
34
Rehab
Supplies
$ 156
150
13
Transcribed Image Text:Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment $ 279- 159 Multiple Choice $150. Selling price Cost Costs to sell In applying the lower of cost or net realizable value rule, the inventory of rehab supplies would be valued at: $96. $143. $146 Surgical Supplies $ 139 96 6 12 Rehab Equipment $ 342 253 34 Rehab Supplies $ 156 150 13
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